CuDeco Ltd (ASX:CDU) has entered into a supply agreement with the Shijiao, Qing Yuan based Group for up to 40,000 tonnes per year of high grade native copper, to be supplied in a concentrate grade of not less than 90% Cu. CuDeco's 100% owned Rocklands Group Copper Project near Cloncurry Queensland, Australia, produces the world's highest grade copper concentrate product at a grade of ~95% Cu.
Altona Mining Limited (ASX:AOH) is pleased to announce it has concluded a binding Framework Agreement with Sichuan Railway Investment Group ("SRIG"). The parties have agreed to establish an incorporated joint venture holding Altona's Cloncurry Project located in north-west Queensland, with SRIG to contribute cash of US$214.46 million and have a 60% interest in the joint venture. The transaction values the Cloncurry Project on a pre- cash contribution basis at US$105 million.
To view the video report, please visit:
Talga Resources Ltd
Altona Mining Limited